FIKFX vs. FIRFX

Last updated Jul 18, 2026

FIKFX (Fidelity Freedom Index Income Fund Investor Class) and FIRFX (Fidelity Advisor Managed Retirement 2025 Fund Class I) are both Target Retirement Date funds. Their correlation of 0.85 suggests significant overlap in exposure. FIKFX charges 0.12%/yr vs 0.48%/yr for FIRFX.

Performance

FIKFX vs. FIRFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom Index Income Fund Investor Class (FIKFX) and Fidelity Advisor Managed Retirement 2025 Fund Class I (FIRFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FIKFX

• 1D: -0.24%
• 1M: 0.13%
• 6M: 2.86%
• YTD: 3.61%
• 1Y: 8.07%
• 3Y*: 7.02%
• 5Y*: 2.89%
• 10Y*: 4.07%

FIRFX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FIKFX vs. FIRFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FIKFX Fidelity Freedom Index Income Fund Investor Class	3.61%	9.23%	4.96%	8.28%	-11.09%	2.79%	8.54%	10.59%	-0.76%	6.66%
FIRFX Fidelity Advisor Managed Retirement 2025 Fund Class I	4.52%	13.43%	6.55%	11.83%	-15.66%	8.02%	13.09%	17.53%	-5.07%	14.27%

Correlation

The correlation between FIKFX and FIRFX is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (10Y) Calculated over the trailing 10-year period	0.85
Correlation (All Time) Calculated using the full available price history since Oct 5, 2009	0.85

The correlation between FIKFX and FIRFX has been stable across timeframes, ranging from 0.85 to 0.90 - a consistent structural relationship.

Return for Risk

FIKFX vs. FIRFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FIKFX

FIKFX Risk / Return Rank: 67
FIKFX Sharpe Ratio Rank: 67
FIKFX Sortino Ratio Rank: 69
FIKFX Omega Ratio Rank: 71
FIKFX Calmar Ratio Rank: 59
FIKFX Martin Ratio Rank: 69

FIRFX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FIKFX vs. FIRFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index Income Fund Investor Class (FIKFX) and Fidelity Advisor Managed Retirement 2025 Fund Class I (FIRFX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FIKFX	FIRFX	Difference
Sharpe ratio: Return per unit of total volatility	1.90	—	—
Sortino ratio: Return per unit of downside risk	2.74	—	—
Omega ratio: Gain probability vs. loss probability	1.37	—	—
Calmar ratio: Return relative to maximum drawdown	2.49	—	—
Martin ratio: Return relative to average drawdown	10.67	—	—

Drawdowns

Drawdown Indicators

	FIKFX	FIRFX	Difference
Max Drawdown Largest peak-to-trough decline	-15.03%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-3.32%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-4.76%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-15.03%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-15.03%	—	—
Current Drawdown Current decline from peak	-0.56%	—	—
Average Drawdown Average peak-to-trough decline	-1.71%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.77%	—	—

Volatility

Volatility by Period

	FIKFX	FIRFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.39%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.80%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.38%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.20%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.47%	—	—

FIKFX vs. FIRFX - Expense Ratio Comparison

FIKFX has a 0.12% expense ratio, which is lower than FIRFX's 0.48% expense ratio.

Dividends

FIKFX vs. FIRFX - Dividend Comparison

FIKFX's dividend yield for the trailing twelve months is around 3.19%, less than FIRFX's 3.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIKFX Fidelity Freedom Index Income Fund Investor Class	3.19%	3.40%	3.13%	2.85%	3.06%	2.04%	2.18%	7.27%	2.94%	1.89%	1.65%	1.39%
FIRFX Fidelity Advisor Managed Retirement 2025 Fund Class I	3.58%	2.66%	2.56%	2.43%	4.63%	5.08%	3.57%	3.80%	7.10%	24.68%	2.44%	4.49%

Frequently Asked Questions

Can I hold both FIKFX and FIRFX in my portfolio?

FIKFX and FIRFX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.